Cement News tagged under: East African Portland Cement Co

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East Africa Portland Cement Co suffers operational issues

16 April 2018, Published under Cement News

East African Portland Cement Company (EAPCC) has experienced operational challenges over the last two months, according to The East African. Amongst the issues faced by the company was a production halt, salary delay and a low supply of cement stock. This follows its net loss widening by almost four times to US$9.6m in the 2H17, as a result of low revenues. The results for the full-year period ending June 2017 saw a loss of US$14.71m, compared to a US$41.45m profit in the year-ago period....

East African Portland Cement Co to build inland container depot

13 April 2018, Published under Cement News

East African Portland Cement Co wants to establish an inland container depot in Athi River to deliver imported raw materials to its plant via the standard-gauge railway. Managing Director. Simon Peter Ole Nkeri. said the move could ease costs of finished products and make Kenya-made goods affordable in east Africa and competitive on the global stage. "We heavily rely on imported raw materials like clinker for the manufacture of cement. We are engaging the government on this issue and ar...

East African Portland Cement reports KES1.4bn loss

08 November 2017, Published under Cement News

East African Portland Cement Co (EAPCC) saw its net profit of KES4.1bn (US$39.6m) for the year ended 2016 evaporate to record a KES1.4bn loss for the year ended 30 June 2017. Revenues at the Kenya-based cement producer fell 21.9 per cent YoY to KES6.93bn from KES8.87bn. Loss before tax in FY17 stands at KES1.71bn compared with a pretax profit of KES3.73bn in the year-ago period.

East African Portland Cement appoints head of HR

17 August 2017, Published under Cement News

East African Portland Cement Company (EAPCC) has appointed Janerose Karanja as its head of Human Resources. Ms Karanja joins the company from the parent Ministry of Industry, Trade and Co-operatives as the cement firm embarks on organisational changes for its turnaround strategy. Ms Karanja is a human resource expert with more than 25 years' working experience, 12 in various State agencies including the departments for Industry and Energy. She holds an MBA (Human Resource Management) from...

EAPCC announces 10% price cut

20 July 2017, Published under Cement News

East African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director...

Kenya: East African Portland Cement reports 1H16-17 pretax loss

23 February 2017, Published under Cement News

In the first half of the FY16-17 ended December 2016 East African Portland Cement Co (EAPCC) has reported a pretax loss of KES533.7m (US$5.2m), an improvement when compared with the loss of KES745m reported a year ago. Revenues in the first half fell from KES4.62bn to KES3.72bn. EAPCC operates a 1.14Mt cement plant at Athi River and also owns downstream concrete activities. It is Kenya's fourth-largest cement producer after Lafarge Bamburi, Mombasa Cement and Savannah Cement.

Kenya: East African Portland Cement to lay off two-thirds of workforce

18 November 2016, Published under Cement News

In a restructuring plan unveiled this week, East African Portland Cement (EAPC) has said it will lay off more than 1000 of its more than 1500 workers, reducing the firm’s headcount to just 500, the Daily Nation reports. “We are overly overstaffed with our employee numbers at over 1500 and close to 2000. By benchmarking with the rest of the industry we need only 500,” said Bill Lay, EAPC’s chairman. The company, which made an operational loss of KES1.6bn (US$15.7m) in the last financial...

Kenya: East Africa Portland Cement sees 2015 profits fall 42%

11 November 2016, Published under Cement News

East Africa Portland Cement Company (EAPCC) has announced that its profits for the financial year ending in June 2016 were KES4.2bn (US$41m), having fallen by 42.1 per cent in comparison to the previous year. According to reports in the Nation newspaper, EAPCC’s revenues rose by 5.4 per cent to KES8.9bn, but higher expenses – including financing costs that were up by 67.3 per cent – and increased cost of sales wiped out those gains. The Nation reports that EAPCC has recommended against...

Kenya: East African Portland Cement MD refused to reinstate sacked staff

19 September 2016, Published under Cement News

Simon Peter ole Nkeri, managing director of East Portland Cement Co, is being sued for contempt of court by five former employees of the company, report the Star (Kenya). The MD refused to reinstate the five workers that a court had said were unlawfully dismissed. Five months ago, Justice Hellen Wasilwa had directed that Benjamin Nduati, Ibrahim Mugo, Evans Abuga, Desmond Owiyo and Felix Vunga be given back their jobs. She said that they were dismissed unfairly, for lack of adequate ...

Kenya: LafargeHolcim accused of conflicting priorities over EAPCC holdings

08 July 2016, Published under Cement News

The outgoing chief executive of the East Africa Portland Cement Company (EAPCC), Kephar Tande, has told Kenya’s Standard newspaper that LafargeHolcim should either divest itself of its holdings in the firm or take it over completely. Kephar Tande, who steps down in November, said that LafargeHolcim’s 41.7 per cent stake in EAPCC makes the multinational firm his largest shareholder. However, LafargeHolcim also holds a 58.9 per cent stake in Bamburi Cement, Kenya’s biggest producer. Mr T...